Almonty Industries Inc T.AII

Big Moly price Increase

[Deschenes]

The charts I look at show that there was an increase in the price of moly from $34.75. us per kilo, to a whopping $50.50 us per kilo over the last couple days.  This is a big deal for Almonty, if they prove up the moly deposit at Sandong, and include it in a revised 101.
i looked at a lot of the news releases over recent months and realized that there has not been a new release stating that the drilling has actually started.  There was several mentions in NR's that it would be started,   Does anyone have  specific info, as I thought it was supposed to start in April and with 6 months planned drilling the project could have been done as early as mid October.
I would like to be wrong on this!

[5ilverlining808]

All Moly drill tests were completed months ago (2.3 kms) and the testing of the core samples might take 6 months (Late 2021) to map out a 3D plan. The drill program was done in a record time of 2 or 3 weeks with the help of Engineers from the Panasqueira Mine Project (TOP GUNS !!!). There is no doubt that the Moly Project will go ahead. :- - It is there. - It is within reach. - It is easy to

[lonade]

From the NR on the 26th  April: Two members of our Portuguese geology/mine development team have now returned to Portugal after a five week stay in Korea. The 12,500m-drilling design program for Almonty Moly has now been completed. It was decided that an in-person visit by the Almonty Portugal team was warranted to ensure this program was researched and designed to the highest possible

[Deschenes]

Yes, thanks for NR.  The 12,500. drilling DESIGN has been completed.  The actual drilling to confirm previous results will start in a few weeks, with results (I think) to be completed in 6 months.

[5ilverlining808]

Whoops.

[whoisyourpapa]

Moly mine barely mentioned in the prospectus and not mentined at all in the new presentation dated June 2021.  Are they saving it for after we're tradig on ASX?  Maybe not allowed to promote it bdfore IPO is closed as the reserve is not compliant? Might be a good question to ask at the June 22 webinar. . . whois

[5ilverlining808]

Whois, could you please throw me a link to the June 2021 presentation ? All I can find is December 2020. Thanks in advance :-)

[whoisyourpapa]

Hope this works https://mcusercontent.com/d2dbd8d3f7f615d3ba9882a13/files/ff12f520-9b56-f0a7-ea64-aa70141d2a19/Almonty_Industries_Inc_ASX_IPO_Presentation_FINAL.pdf

[5ilverlining808]

Many thanks whois. Seems to be a long lag of 4 or more days for info to reach the Australin website. Also had the same with SEDAR in the past.